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quotes a government official as saying the fueling of the rocket could begin on saturday after the storage tank has been filled. chinese travel agencies have been informed that foreign tourists won't be allowed into north korea between the 15th and 20th of this month. analysts say the decision could be linked to events marking the first anniversary of kim jong-il's death on december 17th. >>> in japan, government leaders have ordered self-defense forces to be prepared to shoot down any debris from the rocket. the defense minister passed on that order to sdf commanders. >> translator: the day of the rocket launch, we ordered the sdf to intercept any debris from a north korean rocket. we're preparing in accordance with that order. >> it will fly southwest of okinawa's island. they're deploying surface to air missiles throughout the region. prime minister yoshihiko noda held a national security meeting with his ministers. he approved the order for the sdf to mobilize their missile defense systems and shoot down any debris. this will be the third such order issued by the government
: the government creeps closer to the fiscal cliff with orders for the military and others to start preparing for the worst. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. the country plays the waiting game to see if country and the president take the economy off the fiscal cliff, president obama says he will not play the debt ceiling game again. but he is taking a few more shots in the public relations game. turning the screws on republicans, a little bit more. chief white house correspondent ed henry starts us off tonight. >> reporter: finally the blame for stalled budget talks on republicans, president ratcheted up the lesh on john boehner. >> no one wants to have this done more than me. >> reporter: telling agencies to watch for massive spending cuts from going over the fiscal cliff and warped the business exectives the economy could take another hit if the republicans decide to extend the middle class tax cut to avoid the cliff for now. then come back with more leverage. to tie it to a hike in the debt ceiling. >> we are 23409 going play that game next year. if
to be done. judging from the back slapping help politicians, the government is still the one to do it but is it? think about it. if the road to virtue were paved with billion dollar bills then everyone in washington would be the pope, news flash, they are not, they are not good as getting bang for their buck. think of all those gas taxes that were to pay for those bridges, or tolls of no bridges to pay for fixing those bridges, and highways. think about that social security lockbox. no box, no lock. and millions in lottery ticket to go to education to make our kids smarter, today, sadly, they are only getting dumber. while we open our hearts let's not lose our minds. the folks deserve better to be locked out of a lockbox, and to be taken by greedy politicians who find other uses on the backs of that. not fair, not right. not remotely the thing to do. to staten islander john d'backo who knows of what i speak. he took matters in his own hand with his brother and buddies, made things right, here is john on the phone with the story. you quickly seize the initiative and did a lot more o
, government bonds, where do you want to be. and equity in my mind mind is absolutely not. you need good growth numbers to justify the equity markets going up. now, i think there's a lot of investors looking at the yields on ghoechlt bonds or credits and that's motivating them to move into equity. i think the numbers are actually going to be relatively small. and i would certainly advocate against doing that because as you were saying, weak numbers, unless you see some much stronger growth, it's hard to justify current valuations. >> both of you stick around because we'll talk about china in just a second. today we'll be out in tokyo, as well, to assess what options the bank of japan really has. policy will not be dictated by market opinion. we'll take stock of britain's progress towards deficit reduction, this ahead of the chancellor's autumn statement. senior fellow for international economics. will the numbers live up to the expectations. meanwhile, over in ghi narks the mainland's factories are crank out more goods at the fastest pace in month. >> chinese factories appear to be recovering.
headlines around the globe. conflicteteriorating -- concerns that the u.s. -- that the government will use chemical weapons. >> i want to make it clear that the world is watching. the use of chemical weapons is and would be totally unacceptable. >> centuries after ernest shackleton to the death defying journey, a new team is out to repeat the trip, minus any modern conveniences. welcome to our viewers on public television in america and also around the globe. it is an announcement many have been waiting for. today's news that the duchess of cambridge is expecting a child was greeted with delight and concern. from around the world, congratulations have been pouring in for the royal couple, including well wishes from the white house. the 30-year-old duchess is suffering from severe morning sickness. she has been hospitalized for several days. our royal correspondent starts our coverage. >> departing from hospital this evening, the father to be. william had spent several hours with his wife. they had driven to london earlier together. it was earlier this week and that the sickness st
, down the road an islamist-led government could use the constitution to deny them the right. they don't want to vote on this draft constitution. that's why they're out here protesting at this hour. >> reza, as always, appreciate your reporting from sicairo. >>> strong warning for syria's president not to use chemical weapons against his own people. nato secretary-general said the use of such weapons would result in an immediate reaction, his words. he described the syrian stockpiles as a matter of great concern and president obama has been warning of consequences if al assad makes what mr. obama calls the tragic mistake of using chemical weapons. former british prime minister tony blair voiced his concerns earlier on cnn. >> i mean now the death toll probably would be around 40,000, since this began, since a large number of people. but if there was any sense at all that assad was going to use chemical weapons or did use chemical weapons against his own people i expect a tough response that would be military. >> and nato is taking no chances by trying to protect one of its members, all
-poohing government's role in provision nutrition for kids. i shot back at her, we had a couple exchanges and finally i said why don't we both live on food stamps. i went to bed not thinking much of it and got up the next morning and it had spread through the social media world, and was a bigger story. i called my staff and said we're doing this. >> you were on day four of this. this is the exact pile of food that you got. >> yes. >> what is interesting to me, you spent $29.78 on this, but when we tried to match it around here, in new york, we had to spend $57.37. >> right. >> implying that the government rate, if you like, for this food is clearly based right at the lowest possible level and may not be even possible for many people onn efood stamps. >> that's what we want to highlight. you have people who live in nutrition and food deserts who don't have access to fresh, healthy foods. i'm very lucky, i live a mile away so i walked to the superintendent. many people can't get in their car and go to the supermarket. we're trying to see not just what the challenges are living on this amount of money,
now, in the hands of authorities. >>> an alert for parents. the government issuing a warning about a popular product, after the deaths of five newborns. >>> and rover behind the wheel? yep. teaching dogs to drive. >>> and good morning, everyone. we begin with that developing story from syria's civil war. credible, new concerns about the use of chemical weapons by syrian forces. >> syria's chemical weapons stockpile is believed to be one of the largest in the world. and there's word that regime forces might be ready to use it. we spoke with alex marquardt a short time ago, from the turkey/syria border. >> reporter: it seems that syria went through the preparation phase, loading components of the highly-toxic sarin gas. syria doesn't even acknowledge that it has chemical weapons. they've said that they would never use them against their own people. but one top official warned this summer that they would only be used against what he called external aggression. >> and that sarin gas that alex just mentioned, it is extremely toxic. a single drop can kill a person in a matter of moments.
government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished."fox and friendst now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i jus
, and has been cause for concern before. not only because the government there might use it, but also because many of these weapons could fall into the hands of terrorists. precisely what are we talking about? first of all, mustard gas. this is an old chemical weapon. it was used in world war i. it doesn't act very quickly, but it's extremely painful. it burns the skin. it can burn the eyes, and when inhaled, it burns the lungs. it can be fatal, but more often is t simply renders an opponent unable to fight anymore, and it can create chronic health problems, like respiratory illness and blindness for the remainder of life for some of the people who are exposed to it. beyond that, let's look at some of the other ideas here. sarin gas is one of the concerns out there. sarin gas attacks the nervous system, and in even small amounts it can cause uncontrolled trembling, then convulsions, then unconsciousness and death. beyond that, there's even concern that they might have vx gas. some scientists consider this one of the most dangerous chemicals on the planet. it was originally developed a
this issue. i would say that he should know more about economics. after certain points, the government raises less money by increasing the tax rate. if the tax rate were 100%, liz, how much money would the government raise? 100% of zero because nobody would go to work if the government confiscated everything. at some point, if the taxes increases and it turns out most analysis, most economists agree that that rate is about 30%. up to 30%, the government raises or money by having a tax of 30%. liz: you are a very large shareholder, if not the very largest, you are saving about $690,000 on your tax bill as well. that gives people a sense of how much money could possibly be saved. in 2015, will you start paying dividends again? >> i cannot decide. it is not just up to me. we will take a look at that and see what the story is. our goal is to reward shareholders. there are other ways to do that by buying shares back, increasing earnings per share, decreasing numbers of shares. we always will take care of our customers, that is what we do and that is why we are% successful. liz: thank you for comin
wisdom in, that argument for large government entities comin in, they provide the heft. you need heft, do you agree? >> you need heft, but it seems like right on the ground in the middle of this disaster, we're still relying on a 1950's style military response. drop a whole load of bulk stuff in one main area, and hope someone gets it but when you have people in a flood zone with no cars, with no power, no cell phones and no way to get information, have you the bulk hefty loads of stiff sitting in central locations, that people just cannot get to. and you need the community organizati to mobilize, go get it, and bring it to the community and startnocking on doors, that is what we've done at the guy and rescue center there is aouple other dozen organizations like ours, that have actually been the heart and soul of the distribution network th fed and clothes people up until now. to tell you, fema reps told me, we have people ringing doorbells they are not answers, i said they have no power, they are not hearing the doorbells, you have to knock on the door, and have a ighborhood present. nei
note this morning way to raise government revenues in terms of negotiating power. long-term growth with high income taxes and on the downside the least harmful consumption tax and property taxes. is anybody listening to this? >> we just put this out. we like to get congress focus on doing the least amount of harm while they raise revenues of some sort. you can do through asset sales, develop kind of things thee3 government owns and does not own. a lot of things in terms of oil leases and about a trillion dollars worth of mineral rights the government can sell off rather than raising taxes. they can equate government workers to pay more towards the health insurance and pensions, that would be a good thing and raise revenues. there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of
to govern and i can only govern if i make you understand that i'm not going to put up with it anymore. >> it seems like an outburst that has been two years in coming and is loaded with things like, we don't have control of the united states senate because of you, tea party people who have given us nuts as republican senate nominees. and boehner's life would be so much better if he was working with a republican senate instead of the democratic senate he is working with. >> yes. and also, though, i think this message is that the speaker, he wants to govern. the whole point of coming to washington is not just to slash, cut, close. it is about governing. and john boehner for whatever you think of him is someone that wants to get a deal. he wants to govern. by doing what he has done, he is saying, look. enough with the games. we don't have the senate as you were saying. the only way we can do this is if i pull on the reins a whole lot. not just a bit. that's what he's done. >> the striking thing is how much outrage there is not. we had to comb around to find these comments. thank you very
freedman brought us, that spending is really the tax bill. it's just delayed. so, every toll the government spends eventually they're going to have to take it from someone, either in taxes or in inflation, so, this is why you're seeing a lack of business investment is because this massive spending and huge debt tells every business owner, every investor, big tax are are coming to eventually pay for this. >> what was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies to create an intellectual justification to raise taxes and in this case, they use the reagan years and often went back to times after world 2, where we were the only big kind of big, healthy industrial economy to say look, we grew then. and again, the point is that we're in a slow growth economy, high unemployment economy, a more competitive world thanks in part to our policies of the past, we need to compete and the hig
this government not for eight years or eight weeks or eight weeks but run this government for eight days, which means it's not a solution. the president is not interested in real policy solutions by evidenced by what he has proposed, he's interested in politics and that's the challenge that we have a getting through that and making certain that we not be talking politics, we talk about positive policy for american people, getting committee rolling and getting jobs created. >> the administration, as we've been saying, has said they're prepared to go over the cliff. we heard that from tim geithner. if republicans refuse to raise taxes on the wealthy and john boehner said yesterday that's unacceptable, though he admitted any revenue will be coming from the rich. let me play that for you. >> the revenues we're putting on the table are going to come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. >> there are, as i'm sure you know
and other u.s. companies have been battling to set up shops there. the indian government has enough votes to pave the way for the retailers despite crisitism that bringing in big box stores will crush small shops and farmers. later this week, the indian parliament's upper house will debate the issue. details are emerging into how a fire at a bangledesh factory could have been avoided. the factory makes clothes for walmart and sears. last month, 100 people were killed in the fire. since 2005, more than 700 garment workers have died, according to a labor rights group. bloomberg news has uncovered in a recent meeting an official for walmart saying that paying for the upgrade of the factory would be "too costly." walmart is declining comment. starbucks plans do for tea what it did for coffee. the coffee chain is going supersize by opening 20,000 more cafes by 2014, with much of the growth coming from china. 1500 stores will open in the u.s. alone in a span of 5 years. and now with the recent acquisition of teavana, starbucks will eventually open "tea bars" in shopping malls. for serious coff
millions and his work. marco rubio, pat toomey. very conservative, anti-tax, anti-government purists in the mold of jim demint. however, he also backed in republican primaries a number of republican candidates who simply were not electable according to the republican establishment and the establishment was right. for example, remember christine o'donnell, i'm not a witch, from delaware. ken buck of colorado. and others. so those are some of the reasons why he definitely has ruffled many a-feather with the party leaders and i have to tell you first thing i saw when the senate republican leader mitch mcconnell released a statement today was making the point that demint had, quote, uncompromising service. didn't have to read between the lines too much to see there's a backhanded compliment. >> dana, what about bigger picture here and talking about the republican party aenl just talking about folks like ryan and rubio, let's say, part of maybe the next generation republicans. do you think that demint's brand of republicanism is falling out of favor with sort of the newer version of what
or government officials say entire families were washed away. more than 310,000 people have lost their homes as the typhoon struck on tuesday. >> the bay area quality management district has received a 1 million grant $1 million grant from the u.s. department of energy to help more local companies use alternative fuel for their vehicles and fleets. the gravel goes towards the california floods in wordplay alternative fuel project which aims to reduce barriers for companies and governments to use alternative fuel. such as issues with permitting. the gravel watch and february and will continue over a two-year period. a report finds a the states themselves agency needs more independent oversight and recommends a restructuring to avoid the appearance of conflict of interest. the institute of medicine says too many board members on the california institute for rich in art of medicine represent schools that receive funding. california voters in 2004 proposition 71 that form the seat i are am. as distributor about 1.3 billion in grants. california >> california is suing delta air lines over the lac
years has been controlling the spending, the size and growth of government. controlling the ability of the government to confiscate more of your wealth, to trust more on the middle class and the working class, small business owners. and that's really kind of the link. and that argument, you talked about being primaried, that's the central primary argument that will be -- hit them upside the head in two years when they run is wait a minute. we sent you to control spending, yet you increased taxes. it's not increasing taxes on the wealthy, it's just blanketly you increase taxes. so you've got all this noise going on. and boehner's got to try to figure out a way to give these guys some cover but know he's got to cut the deal. to your point, leigh, about how do you begin to pull it from the big plan to a smaller plan, that's really what the white house and boehner quietly are talking about. >> and what we don't want also is i think a kind of down payment deal that sort of makes it a two-part deal that just delays everything. >> i think you're going to get some of that. i think you'll pr
gratefulness, even if we think the government may be profligate with our money. enough already! i want others to do well too. so don't get the idea -- i'm not against the next guy doing better. the idea is that the small business person that everyone claims to be looking out for and the middle class people everyone pledges to, they do need a chance. but here's what the polls are missing, we are seeing rumblings if washington would stop intruding and go away and agree to a sacrifice. i know some are saying the president's taking a hard line. and i was none too happy with the press conference. if democrats don't get their way, i was preplexed by the rhetoric. as perplexed as grover norquist, the unelected head of the republican party can insist that voting for any tax increase after pledging to his organization not to vote for a tax increase is a death sentence for your political career. listen up, washington, we get a deal, any deal at this point we could have an economic boom that would make the benefits of even a bad deal done far outweigh the cost small business to the middle class, subchap
marylanders depend directly on the maryland government for their job. >> the middle class has suffered enough. all will be affected if we allow the fiscal cliff to happen. >> reporter: taxes and cuts bring governor o'malley and a bipartisan group of governors to washington to offer their thoughts on the fiscal cliff, urging republicans and democrats to work together to avoid automatic increases and spending cuts set for the end of the year. in baltimore, a group of demonstrators outside the social security office made their feelings known, urging a resolution that does not include cuts in social security jobs and services. >> we're concerned about the cuts in social security. and we would like to see them change. and we don't want to see our public hurt in any way. we want to serve public every day. >> you don't take money out of people's hands when you're trying to promote jobs. >> this is not a crime to cut back. >> for maryland, there's more than associate security cuts at stake. overall, maryland has 300,000 direct jobs and another 230,000 con
. the president rejected a gop counter offer, which targeted government cuts but did not add any new taxes. if the deal is not reached by january 1, everyone's taxes will go up and automatic spending cuts will go into affect. >> starbucks makes news for two reasons. why they want you to spend $450 this holiday season for one product. >> a would-be thief sets off a bomb next to an atm. what wins? pictures that will show you. >> feeling like >> ready ms from the district. police are looking -- breaking nes from the district. the victim was stabbed in the side. crews say he is conscious and breathing. the suspect is a thin man wearing a tan shirt. they say he rode off on a bike. >> fbi agents carried out two raids in arlington. the first was in rosslyn possibly targeting the university of management and technology. academic dean explains his town house was also raided. fbi agents refused to say what they were looking for. no charges have been filed. >> a bank employee makes an expose of discovery. detectives tell us that someone set off an explosive device on an atm machine. this happened at
for an economic downturn. also what are they going to do? how will it help the billions now on city government workers. we will be talking to los angeles mayor antonio villaraigosa coming up. liz: the president meeting with top executives with the war of words continues with republican leaders in a resolution to the fiscal cliff. we're live at the white house with the very latest. what happened. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the mke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. david: what a strange day. some are way up, some are way down. shares of verifone systems are getting a boost. nicole with more on that. nicole: some stocks jumping, this is a day that verifone is jumping. take a look at the stock right now, a gain of 7.5
google and amazon are guilty of more immoral tax avoidance. it said the government should clamp down on these multinational corporations that exploit tax laws and moved profits that are generated in britain to offshore companies. starbucks is saying they may pay more taxes in england to restore public trust. the same thing is happening in the u.s.. it is not illegal but as britain likes to say it is immoral. >> delta and singapore are talking about taking those shares over. is a move by delta to boost its international operations between new york and london. a number of mergers has reshaped the on airline industry. with the high price of oil we could see more takeovers in the years to come. >> ford is recalling two of its biggest selling in u.s. models. the 2013 escape cross over and the 2013 ephesian mid-size sedan. with the 16 1.6 l engine. those engines can overheat and catch fire. there have not been any injuries reported in this but they have a dozen reports of fire for the escape and one for the fusion. this is the threat third recall for the new escapes' fs. the fusion wast na
the cliff. rich will pay more of their fair shares and higher taxes on dividends. government spending sliced where it should be and and the bloated defense budget. unnecessary social programs. me? i think we aren't where we need to be yet when the it comes to abandoning all the hope. i think the postfiscal cliff world has -- not to matter. those people are polyannas. i think we go into a recession with lots of layoffs and the fiscal cliff was designed to compromise. the cliff was designed to scare legislators into rising above politics and compromise. everyone knew about the growth. just like in europe. means it could be, in fact, reduced dramatically. fewer jobs, larger deficit. not smaller. and the federal reserve that's throwing up its hands, can't do anything. as i said last night, it doesn't matter. we can pick our stocks and buy them down. like the fabulous names, amazon, ulta salons. buy them down in scales like i outline in the book "real money." now suggesting other groups giving you a bang for the buck. new groups betting that the hope will be squeezed out and the bottom gets put i
cafes in u.s., mexico and canada. >>> a new government commission report finds that exporting the nation's new found surplus of natural gas would do the nation good citing the overall economic boost would outweigh higher domestic prices. >>> and economics team at virginia's lynchburg college crunched the numbers and found if the nation goes over the fiscal cliff, high income californians would beat out new yorkers and hawaiians for the potential highest tax rate at nearly 52%. >>> forbes is out with the 2012 most powerful people list. president obama held on to the top spot for a second year. the pope climbed two notches from last year. he is in fifth place. facebook's ceo mark zuckerburg went to number 25. former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against bre
is in your living room, the government is in your living room. they have a habit of persuading, not using the force of law, not using a subpoena. persuading telecoms to give them access to their information about us. it is interesting. about six months before he resigned, general petraeus gave the private speech and the transcript was leaked to a group of telecom executives saying we will soon know whatever what is doing in the house whenever we want to know. he apparently knew more about it than he wanted. connell: i am picturing -- >> verizon claims we will like this. who wants big brother in the living room? dagen: ultimately, down the road, what is your option? >> you could tell them to go take a hike. you could do that by saying, no, i do not want your equipment in my house. dagen: if you are a suspicious person, do you trust the box in your house. you could say to verizon, i will go to another provider, if you live in an area where you have another choice. i live in new york city so i have a lot of other choices. dagen: google is working on something. dagen: that was like four years
. >> reporter: the big question still, what will the federal government do? pot is still illegal federally. today a legal toak-up revolution burning here in colorado. the only things the feds are saying at this point is that marijuana is still illegal federally. think of it this way in washington state, it will be treated like booze, basically, hard liquor. you have to be 21. you can get busted for dui, can't drink it in public, those sorts of things. all those rules are yet to be written, in a year or so you'll have pot stores all over this state. back to you. >> a number of big employers like boeing and costco ban their employees from smoking marge math. there are other companies that have to do drug testing. will this new law change anything for employers? can workers still get fired for testing positive? >> reporter: the simple answer is no, you can still get fired. you can't smoke pot and go to work. it doesn't change anything with regard to employers who have those rules in place. even with universities here, the university of washington here is saying that pot will still not be allo
government to send a message that all right we understand some people have to have handguns and we are not going to restrict the sale of handguns to people who are legally entitled to them. you must have a license. you must go through training you must do what the government mandates you to do. you have a handgun or machine gun. you don't have the papers and you commit a crime with them or whatever. you are going to jail that message is not being sent and it should be. >> that's the better two of messages that after you have gone over the line and committed a crime with your gun then you are to be held responsible to the -- that makes more sense to me. >> here is the thing about this conversation is that i think a lot of this, the nfl coverage was strange yesterday because there was very little desire to put any blame on the player himself on belcher himself this weird situation where more people had more moral outrage about dom errant kick. you saw bob does stats entirely on handguns. >> bill: i think that's unfair to costas. >> but i think what you are doing when you start a gun
leaders say they're afraid if the government limits the deduction people would drastically cut back on their donation. >> that means there will be less opportunity for people to be fed. there will be less nights of care provided for those who are homeless. there will be less service for disaster situations. >> some republican pros pose limiting all itemized tax deductions, but president obama wants to increase tax rates for the wealthiest 2% of americans instead. >>> government regulators are taking action against a baby recliner company. the consumer product safety commission filed a complaint against pennsylvania-based baby matters to stop the sale of the nap nanny. four infant deaths are associated with a rauled version soft that recliner and one death is associateed with the newest version called the chill. the owner of the company posted a message on the web site saying no infant has ever been hurt when the nap nanny is use aid cording to instructions. >>> christmas is coming to the state cop toll and it's happening live right now. want to show yao a live picture here from sacr
the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront region in the path of violent new weather realities." president obama meanwhile is seeking $50 billion from congress for emergency aid for 11 states with storm damage. the improving housing market is turning into a wealth builder for americans. according to the federal reserve, financial wealth in american households grew to $64 trillion, up $1.7 trillion during the 3rd quarter. here's how that happened: the value of real estate rose $300 billion, while stocks climbed $520 billion. economists have said an increase in wealth translates into consumer spending. the report from the fed also shows americans cut debt by 2% last quarter. space exploration technologies
buy silver and gold. you can actually -- there's a big markup in coins. the government doesn't help. you can own pieces of silver and pieces of gold. >> do you have some on you right now? >> no, i don't. i have it buried in the backyard. i have it in a vault. never bury your gold in the backyard. >> i'll remember that. thank you for that advice. >> first we have to get backyard. >> el paso electric company celebrating tenth anniversary. yit celebrating its 100th anniversary. want to go straight to mary thompson with breaking news out of fdic. >> this is the fdic's third quarter breaking profile looking at how banks performed in the third quarter. profits for insured institutions rising to best levels in six years in the third quarter. higher profits driven by higher revenue and lower loan loss provisions. the company's third quarter operating revenue increased by 3% in the last quarter and that's a positive sign. it was the first time for the world's largest revenue that banks posted in three years. loan balances increased. it was slightly less than in the second quarter. we should
. they will rule on weather they have the right to marry and whether the federal government can override state's decisions. any outcome will make history. joining me now, jonathan turley. it's good to have you with us. as we talk about this, public opinions have certainly evolved. you have said that the court has been slow to follow. has the court evolved far enough to legalize marriage equality especially with the prop 8 and the case before it and how close do you expect the vote could be? >> i expect it to be very close. what you have to recall is it was only in 2003 that the court in lawrence v. texas overturned a decision called hardwick which criminalized homosexuality. the decision of the court that said you can criminalize it was decided by justice powell who never even met a homosexual not realizing his clerk was gay. this court evolves more slowly than society at large. it will be close. there are great risks. this could be the brown v. board of education for gay and lesbian couples. or the case before it that embraced segregation. it's very hard to predict. it leaves many of us very,
. government's twice the size it was 11 years ago. and a good portion of that's discretionary. military, my colleagues have kind of a blind eye when it comes to the defense department. there's so much waste in the defense department, it's unbelievable. we could take another $50 billion, in my estimation, or $40 billion a year out of the defense department if we ran it right. you know, we have 1200 generals and flag officers now. at the end of world war ii, we had 2,000. we had 12.5 million people under arms, we've got 1.5 million. we've good an admiral for almost every ship in the navy right now. we've had this crete in terms of rank. there's all sorts of money to be saved in the pentagon that will have no effect whatsoever on our defensive posture or our capability. >> but steve, i'm curious, though. what is the difference, in your opinion, between raising the top marginal rate and closing some loopholes? if you get $1.2 trillion in revenue, why does it matter so much more to the president that you do it by raising the top rate when the super wealthy, as we've described on the show, aren't
't want to buy the a shares, look at taiwan ewt. government is supporting that market. >> i'm melissa lee. thanks so much for watching. we have the ceo of lu lu. see you back here tomorrow night for more >>> i'm jim cramer. and welcome to my world. you need to get in the game. going out of business and he's nuts, they're nuts! they know nothing! i always like to say there's a bull market somewhere, and i promise -- "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job is not just to entertain but to coach you and teach you. so call mel at 1-800-743-cnbc. it is so easy to be negative right now! >> boo! >> incredibly easy. and when the gloom lifts. >> the house of pain. >> it almost feels like a reprieve from some sort of stock market death sentence. as it did today with the dow climbing 83 points. the nasdaq declined .77%. largely because of apple, more on that later. now, i am not dismissive of the negativity that i see pretty much everywhere. we've got
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